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  • Velar’s native token to list on Bybit

    Velar’s native token to list on Bybit

    • Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3.
    • Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem.

    Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit.

    The Bitcoin liquidity protocol said in an announcement on Wednesday that VELAR will go live on Bybit on April 3 and will coincide with its Initial DEX offering.

    Also notably, VELAR on a top tier crypto platform aligns with the project’s roadmap for accelerating its growth and adoption across the global marketplace.

    According to a news release shared with CoinJournal, this is significant milestone for the DeFi ecosystem on Bitcoin. In particular, Velar’s launch is expected to bolster liquidity and utility within the Bitcoin DeFi ecosystem.

    Bybit’s position as one of the world’s top spot and derivatives exchange platforms will play a huge part in this, the platform noted in the announcement.

    “As we prepare to go live on Bybit, one of the world’s top 3 crypto exchanges, with the listing of $VELAR token on April 3rd, we recognize the significance of this moment for the entire Bitcoin ecosystem,” Velar co-founder & CEO Mithil Thakore said.

    The Velar chief added, “This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale. It’s not just about our project; it’s about paving the way for countless others.”

    The Bitcoin DeFi ecosystem continues to grow

    Ethereum has over $50 billion in liquidity locked across DeFi protocols.

    According to Velar, this is an outlook that suggests enormous potential for Bitcoin, the benchmark crypto asset. The upcoming launch offers an opportunity for Velar to tap into more than $1 trillion in dormant BTC capital.

    The prospect means Bitcoin holders can leverage the opportunities, including yields, that the smart contracts industry offers.

    VELAR’s listing on Bybit comes after Velar successfully launched Dharma, an automated market maker (AMM) and decentralized exchange (DEX). The platform has already attracted over 150k users, with users able to access features such as token swaps, liquidity pools, staking and yield farming.

    Bitcoin continues to see unprecedented growth and a new era of DeFi, NFTs and gaming is seen as the next big thing. Velar has a first mover advantage as it seeks to bring more BTC into the DeFi landscape.

    According to today’s press release, Velar will soon launch its V2 mainnet to introduce a Bitcoin-native perpetual DEX platform. The pioneering non-custodial platform will offer up to 20x leverage.

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  • 5IRE token launches on Bybit, pioneering sustainable blockchain era

    5IRE token launches on Bybit, pioneering sustainable blockchain era

    • The 5ire token (5IRE) has successfully debuted on the Bybit exchange.
    • With a community comprising entrepreneurs, developers, and sustainability advocates, 5ire emphasizes inclusivity and collaboration.
    • 5IRE has inked strategic collaborations with governments, universities, and enterprises globally, including the Government of India’s NITI Aayog.

    In a groundbreaking move, the 5ire token (5IRE) has successfully entered the Bybit exchange, signalling a positive shift in the blockchain landscape.

    This innovative cryptocurrency introduces a new paradigm, marrying profitability with a commitment to global sustainability.

    What is 5ire?

    At the heart of 5ire’s success is its unique approach grounded in the principles of the fifth industrial revolution. Unlike traditional blockchains notorious for energy consumption, 5ire adopts a Sustainable Proof of Stake (SPoS) consensus, prioritizing environmental consciousness. This groundbreaking consensus mechanism not only ensures profitability for investors but also financially rewards sustainable practices.

    The 5ire community, comprising entrepreneurs, developers, and sustainability advocates, actively contributes to the platform’s growth, fostering inclusivity and collaboration. By emphasizing Environmental, Social, and Governance (ESG) factors, 5ire positions itself as a leader in ESG as a Service (ESGaaS), leveraging blockchain for streamlined measurement, reporting, and analysis.

    5ire’s strategic partnerships and real-world impact

    5IRE’s commitment to real-world impact is evident through strategic collaborations with governments, universities, and enterprises globally.

    Notable partnerships, including one with the Government of India’s NITI Aayog, underscore the platform’s role in shaping the next generation of blockchain developers and promoting sustainability.

    As 5IRE takes its place on Bybit’s trading platform, investors can actively participate in this innovative and environmentally conscious ecosystem. The live 5IRE/USDT trading pair on Bybit offers a secure and user-friendly avenue for investors to contribute to a greener and more innovative crypto landscape.

    With a focus on economic and environmental sustainability, 5IRE stands as one of India’s fastest-growing unicorns, driven by a global community committed to creatively utilizing the 5ireChain—an EVM-compatible smart contract platform aligned with the United Nations Sustainable Development Goals (UN SDGs).

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